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Fitbit Inc (FIT.N)

FIT.N on New York Stock Exchange

6.05USD
18 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Fitbit-Provided Notice To Terminate Second Amended & Restated Credit Agreement Dated Dec 10, 2015
Wednesday, 21 Nov 2018 04:15pm EST 

Nov 21 (Reuters) - Fitbit Inc ::FITBIT - PROVIDED NOTICE TO TERMINATE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED DEC 10, 2015.FITBIT - DID NOT INCUR ANY EARLY TERMINATION PENALTIES IN CONNECTION WITH TERMINATION OF SVB LOAN AGREEMENT - SEC FILING.  Full Article

Fitbit Announces Global Availability Of Highly Anticipated Charge 3
Thursday, 4 Oct 2018 09:00am EDT 

Oct 4 (Reuters) - Fitbit Inc ::FITBIT ANNOUNCES GLOBAL AVAILABILITY OF HIGHLY ANTICIPATED CHARGE 3.FITBIT INC - ANNOUNCED AVAILABILITY OF FITBIT CHARGE 3 AT MAJOR RETAILERS WORLDWIDE, ONLINE AND AT FITBIT.COM FOR $149.95 BEGINNING OCT 7.  Full Article

Fitbit Reports Q2 Adjusted Loss Per Share Of $0.22
Wednesday, 1 Aug 2018 04:05pm EDT 

Aug 1 (Reuters) - Fitbit Inc ::FITBIT REPORTS SECOND QUARTER 2018 RESULTS.SEES FY 2018 REVENUE ABOUT $1.5 BILLION.Q2 GAAP LOSS PER SHARE $0.49.SEES Q3 2018 REVENUE DOWN 3 PERCENT.Q2 REVENUE $299 MILLION VERSUS I/B/E/S VIEW $285.4 MILLION.Q2 NON-GAAP LOSS PER SHARE $0.22.Q2 EARNINGS PER SHARE VIEW $-0.24 -- THOMSON REUTERS I/B/E/S.SEES Q3 2018 NON-GAAP LOSS PER SHARE $0.02 TO $+0.01.  Full Article

Immersion Reaches Global Settlement With Fitbit
Monday, 9 Jul 2018 08:30am EDT 

July 9 (Reuters) - Immersion Corp ::IMMERSION REACHES GLOBAL SETTLEMENT WITH FITBIT.IMMERSION CORP - SETTLEMENT & LICENSE AGREEMENT WITH FITBIT TERMS OF WHICH ARE CONFIDENTIAL..  Full Article

Fitbit Announces Departure Of Chief Financial Officer Bill Zerella
Wednesday, 6 Jun 2018 08:00am EDT 

June 6 (Reuters) - Fitbit Inc ::FITBIT ANNOUNCES DEPARTURE OF CHIEF FINANCIAL OFFICER BILL ZERELLA.FITBIT INC - COMPANY PROMOTES CHIEF ACCOUNTING OFFICER RON KISLING TO CFO.FITBIT INC - REAFFIRMS Q2 AND FY 2018 REVENUE AND EARNINGS GUIDANCE.FITBIT INC - HAS INCREASED CONFIDENCE IN ITS OUTLOOK THAT SMARTWATCH REVENUE WILL BE MORE THAN 50% OF SALES IN SECOND HALF OF 2018.  Full Article

ACCC Updates On Court Enforceable Undertaking From Fitbit (Australia)
Thursday, 31 May 2018 09:28pm EDT 

June 1 (Reuters) - Australian Competition and Consumer Commission::ACCEPTED COURT ENFORCEABLE UNDERTAKING FROM FITBIT (AUSTRALIA) TO AMEND INFORMATION THEY PROVIDE ABOUT CONSUMER GUARANTEE RIGHTS.  Full Article

Fitbit And Google Announce Collaboration To Accelerate Innovation In Digital Health And Wearables
Monday, 30 Apr 2018 09:00am EDT 

April 30 (Reuters) - Fitbit Inc ::FITBIT AND GOOGLE ANNOUNCE COLLABORATION TO ACCELERATE INNOVATION IN DIGITAL HEALTH AND WEARABLES.FITBIT INC - INTENDS TO USE GOOGLE'S NEW CLOUD HEALTHCARE API TO HELP CO INTEGRATE FURTHER INTO HEALTHCARE SYSTEM.  Full Article

Wells Fargo Announces Support For Fitbit Pay
Thursday, 11 Jan 2018 09:00am EST 

Jan 11 (Reuters) - Wells Fargo & Co ::WELLS FARGO ANNOUNCES SUPPORT FOR FITBIT PAY™.WELLS FARGO & CO - WELLS FARGO CUSTOMERS WILL BE ABLE TO USE NEW FITBIT IONIC SMARTWATCH TO MAKE SEAMLESS MOBILE PAYMENTS.  Full Article

Fitbit Inc reports Q3 GAAP loss per share $0.48
Wednesday, 1 Nov 2017 04:05pm EDT 

Nov 1 (Reuters) - Fitbit Inc :Fitbit reports third quarter results.Sees q4 2017 non-GAAP loss per share $0.03 to $+0.01.Sees fy 2017 non-GAAP loss per share $0.23 to $0.27.Q3 GAAP loss per share $0.48.Sees q4 2017 revenue $570 million to $600 million.Sees fy 2017 revenue $1.615 billion to $1.645 billion.Q3 revenue $393 million versus I/B/E/S view $391.7 million.Q3 non-GAAP loss per share $0.01.Q3 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.Q4 earnings per share view $-0.04, revenue view $583.7 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $-0.32, revenue view $1.62 billion -- Thomson Reuters I/B/E/S.Fitbit Inc - ‍sold 3.6 million devices in quarter, up 7% sequentially from q2 of 2017​.  Full Article

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Fitbit posts adjusted profit on smartwatch sales, shares up 10 percent

Wearable device maker Fitbit Inc reported a surprise third-quarter adjusted profit on Wednesday, driven by its fast-growing smartwatch business that contributed to nearly half of its total revenue.